509, May Residence Tower 4
Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, May Residence Tower 4
What is 509 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 470 sqft
- Floor
- 5th of 5
- Parking
- G-17
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 7,400 /yr
- Last sold
- AED 397K · July 2017
- Building
- May Residence Tower 4
About 509, May Residence Tower 4
509 is a studio of 470 sqft on the 5th floor of May Residence Tower 4, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. The developer sold it on 18 July 2017 for AED 397,000, or AED 845 per sqft, in line with the AED 852 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 October 2026, is AED 38,000 a year: a gross yield of 9.6% on the 2017 price, before the service charge of about AED 7,400 a year.
Sales and rents for 509 over time
509 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in May Residence Tower 4, and where 509 sits
All 30 studios →509 last sold in July 2017 at AED 845 per sqft, in line with what studios in May Residence Tower 4 were fetching at the time (AED 852). 509's AED 38,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jan 202524 January 2025 | 596 sqft | 445,000 | 746 | ||
| 9 Dec 20249 December 2024 | 464 sqft | 475,000 | 1,022 | ||
| 3 Jun 20243 June 2024 | 654 sqft | 460,000 | 703 | ||
| 30 Aug 202330 August 2023 | 426 sqft | 375,000 | 879 |
May Residence Tower 4
Building70 apartments, studios to 1-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2019 by May Real Estate Development. 4 sold in the last 12 months.
- Typical price per sqft
- AED 805
- Typical sale
- AED 700K
- Typical rent
- AED 57K /yr
- Typical yield
- 9.8%
Other units on the 5th floor
All 70 units in May Residence Tower 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 845 sqft | AED 650KAED 650,000 · May 2025May 2025 | 62,000 /yr | |
| 502 | 1-bed | 857 sqft | AED 635KAED 635,000 · May 2025May 2025 | 75,000 /yr | |
| 503 | Studio | 421 sqft | AED 359KAED 359,000 · May 2017May 2017 | 20,000 /yr | |
| 504 | Studio | 426 sqft | AED 375KAED 375,000 · Aug 2023August 2023 | 37,000 /yr | |
| 505 | Studio | 415 sqft | AED 375KAED 375,000 · Aug 2023August 2023 | 28,750 /yr | |
| 506 | Studio | 422 sqft | AED 361KAED 361,000 · May 2017May 2017 | 39,600 /yr | |
| 507 | 1-bed | 782 sqft | AED 670KAED 670,000 · Apr 2025April 2025 | 50,000 /yr | |
| 508 | 1-bed | 819 sqft | AED 640KAED 640,000 · Jul 2025July 2025 | 60,000 /yr | |
| 510 | Studio | 465 sqft | AED 401KAED 401,000 · Jul 2017July 2017 | 43,000 /yr | |
| 511 | 1-bed | 725 sqft | AED 513KAED 513,345 · Jan 2024January 2024 | 52,000 /yr | |
| 512 | 1-bed | 710 sqft | AED 534KAED 533,650 · Dec 2023December 2023 | 65,000 /yr | |
| 513 | 1-bed | 875 sqft | AED 487KAED 487,110 · Nov 2023November 2023 | 68,000 /yr | |
| 514 | 1-bed | 875 sqft | AED 487KAED 487,110 · Sep 2023September 2023 | 60,000 /yr |
509, May Residence Tower 4 in numbers
- Sold once: by May Real Estate Development on 18 July 2017 for AED 397,000, or AED 845 per sqft.
- Rented since October 2020 on 7 Ejari contracts, from AED 23,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2017 price is 9.6%, before a service charge of about AED 7,400 a year (AED 15.66 per sqft).
Source: Dubai Land Department. Updated 1 October 2026.
Questions about 509, May Residence Tower 4
What did unit 509 last sell for?
AED 397,000 on 18 July 2017, sold by the developer: AED 845 per sqft for 470 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 38,000 a year on the contract signed on 1 October 2026. The previous contract, from October 2025, was AED 38,850; the unit has been rented since October 2020.
How big is unit 509?
470 sqft (43.7 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 509, May Residence Tower 4
Starts from the last sale price (AED 397K, 18 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 397,000
- Deposit, UAE resident (20%)
- AED 79,400
- Deposit, non-resident (40%)
- AED 158,800
- Monthly over 25 years at 3.7%
- AED 1,624
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →